STAG Industrial, Inc. (NYSE:STAG) Shares Purchased by Stolper Co

Stolper Co increased its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,957 shares of the real estate investment trust’s stock after buying an additional 680 shares during the period. Stolper Co’s holdings in STAG Industrial were worth $1,757,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. UMB Bank n.a. increased its position in shares of STAG Industrial by 54.1% in the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 306 shares in the last quarter. Coastline Trust Co purchased a new position in STAG Industrial during the 3rd quarter valued at about $55,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in STAG Industrial during the second quarter worth about $57,000. GAMMA Investing LLC lifted its holdings in shares of STAG Industrial by 72.7% in the third quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 659 shares in the last quarter. Finally, Hilltop National Bank grew its position in shares of STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 362 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

STAG Industrial Trading Up 0.7 %

NYSE STAG opened at $33.78 on Thursday. The company has a market cap of $6.16 billion, a P/E ratio of 34.12 and a beta of 1.09. STAG Industrial, Inc. has a 12 month low of $32.27 and a 12 month high of $41.63. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The company has a 50-day moving average of $35.33 and a 200-day moving average of $37.54.

STAG Industrial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.1242 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.41%. STAG Industrial’s dividend payout ratio (DPR) is presently 149.49%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on STAG shares. Barclays cut their price objective on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Wells Fargo & Company reduced their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Finally, Raymond James increased their price objective on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

About STAG Industrial

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.